Causes of the Great Depression

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What was the stock market crash of 1929?

A major stock market collapse in October 1929 that marked the beginning of the Great Depression.

How did bank failures contribute to the Great Depression?

Many banks failed due to bank runs, leading to loss of savings and reduced economic confidence.

What role did overproduction play in the Great Depression?

Factories and farms produced more goods than could be sold, leading to reduced prices and economic stagnation.

How did tariffs worsen the Great Depression?

High tariffs, particularly the Smoot-Hawley Tariff, reduced international trade, harming the global economy.

What effect did the Dust Bowl have on the Great Depression?

The Dust Bowl exacerbated economic hardship by destroying farmland, leading to displacement and poverty.

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